There was good and bad in 3M's earnings report, but the long-term investment thesis is still intact.
Raytheon Technologies (NYSE: RTX) and 3M (NYSE: MMM) have been paying dividends for a long time. I will compare the two in this video to determine the better stock to buy to generate passive income. *Stock prices used were the afternoon prices of Jan.
Shares of 3M (NYSE: MMM) took a hit on Tuesday, sliding about 6% following the company's fourth-quarter report. The maker of diversified industrial, consumer, and healthcare products reported lower-than-expected earnings per share and slower-than-anticipated growth as management said that its consumer-facing products saw demand weaken amid a challenging macroeconomic environment. Based on 3M's fourth-quarter update, business performance could prove to be disappointing in the near term.